To: Andrew G. who wrote (93823 ) 4/18/2000 12:09:00 AM From: Jenna Read Replies (1) | Respond to
Andrew, I stopped following them when they began to sink out of play. We still have two good weeks of earnings and I'd rather stick with earnings plays. WEBT and GNET for example got caught in the internet selloff but WEBT and GNET are great earners and its those type of 'surprise plays' I like. I'm hoping both AUDC and ALLR do a "WEBT" dance. I am also ready for whatever goes down tomorrow. I'm really not a 'shorter' at heart, but my natural skepticism of stocks to sustain a move up of 35-48% in one day will lead me to try a short or two. I usually wait for a notch above the high (as it moves down on one or 2 10 or 15-minute bars). If I'm wrong I exit even before the stop kicks in. Usually I am short right before the close ( a high flyer that seems to have flown to high) which makes for a good gap down the next day or a morning short of a rally gap up like a "NEWP" which moved up on the get go and I shorted as high as I could get in. That way there is less timing problems intraday.
